Currencycloud, the experts simplifying business in a multi currency world, has partnered with Malaysia-based GAT Investment Bank to launch GAT Money, an app offering an alternative solution to new clients who need a global banking solution which offers access to competitive FX rates and an extensive cross-border collections and payments network, all in one place.
With access to Currencycloud’s multi-currency virtual accounts, GAT Investment Bank now has a seamless and secure way to collect, convert, pay and manage funds for its largely globally-focused client-base, without the need to integrate with multiple corresponding banks and payment providers. Currently using local USD, EUR, CAD and GBP collections, GAT Investment Bank can provide virtual accounts in more than 35 currencies to its clients, offer real-time FX conversions at competitive rates, and pay out locally to over 180 countries.
Jill Murray, Director of GAT Investment Bank says, “Currencycloud was a clear choice for us. We were looking for a provider who could help us offer our customers the benefits of global banking. Thanks to Currencycloud’s APIs we are instantly connected to an extensive cross border collections and payment network that allows GAT Money to be our customers’ global banking partner. Currencycloud’s local payout function has also enabled us to cater to smaller clients in more countries, giving them access to a global banking service that they otherwise wouldn’t have.”
Says Rohit Narang, Managing Director of APAC, at Currencycloud, “GAT Investment Bank understands the issues faced by their clients, many of whom are importers and exporters who need a cost-effective, near-instant way of making cross-border transactions. GAT Money is the result of this understanding, and we are delighted to be part of their solution.”